Cairo – Mubasher: Talaat Moustafa Group Holding reported net profits of EGP 432.1 million ($48.8 million) in the first half of 2016, up from EGP 365.3 million ($41.2 million) for the same period of the previous year.
The real estate developer top line stood at EGP 2.924 billion in the first half of 2016, compared with EGP 2.907 billion for the comparable period of the previous year.
As for the first quarter of 2016, the company’s audited financial results reflected net profits of EGP 232.7 million ($26.3 million) up by 30% from EGP 178.9 million ($20.2 million) for the same period of the preceding year.
